Themes of microeconomics, Microeconomics

Assignment Help:

Themes of Microeconomics

?? As per Mick Jagger & the Rolling Stones, “You can’t always get what you want”.

Why Not?

         ?? Restricted Resources

         ?? Infinite Wants

?? Allotment of limited Resources and Trade-offs

         ?? In a market economy

         ?? In a planned economy

?? Microeconomics and Optimal Trade-offs

         1. Consumer Theory

         2. Workers or labours

         3. Theory of the Firm

?? Microeconomics and Prices

          – The function of cost in a market economy

          – How prices are calculated

Microeconomics vs. Macroeconomics

Microeconomics is the basis of macroeconomic analysis.


Related Discussions:- Themes of microeconomics

Unemployment, unemployment is voluntary, discuss in view of the classical e...

unemployment is voluntary, discuss in view of the classical economists and the keynesian

#titlenatural resourses.., what are the benefits of natural resources and i...

what are the benefits of natural resources and industryquestion..

Short-run economic decisions, Weston Industrial Manufacturing Products ("WI...

Weston Industrial Manufacturing Products ("WIMP") has the capability to produce a variety of industrial products, including a number of types of widgets. In the past, WIMP has manu

Microeconomics, 1. By using the Production possibility Curve (PPC), analyze...

1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl

Foreign exchange markets, FOREIGN EXCHANGE MARKETS: A foreign exchange...

FOREIGN EXCHANGE MARKETS: A foreign exchange market (sometimes informally called the forex market, or denoted FEM) is a market in which different currencies are bought and sol

What are the parts of valuable economics paper, What are the parts of valua...

What are the parts of valuable economics paper? The consequence of economics research is an economic conclusion. Usually a valuable economics paper comprises three parts: a.

Duopoly, characteristic of duopoly

characteristic of duopoly

What is free trade agreements, Q. What is Free Trade Agreements? Free T...

Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari

Economic acivity, The prevention of major swings in economic activity can b...

The prevention of major swings in economic activity can be handled most easily by the

Deductive and inductive methods, what are the merits and demerits of deduct...

what are the merits and demerits of deductive inductive methods in economic analysis?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd